It’s a duplex so it’s assessed off of comps but with the market the way it is, I think you could BRRR(refi) and get what you need back out of it.

Also, special assessments can be damaging to your cash flow as well.

Because of the age of the house, the items to look out for are Electrical, plumbing, HVAC, foundation and roof, which should be assessed in the inspection report.Lot size: 0.1 acresGood luck with the project, and let us know how it goes.

We have owned 2 homes, owning the one we live in now outright with an assessment value of approx. $160 000.

-First Mortgage (if the foreclosing mortgage is a second or third mortgage)-HOA or COA assessment liens (in certain states)-Mechanic’s Liens (in some states)-Government liens such as state and federal tax liens, city or county liens, US Government liens.

@Jordan DeeneyNo need to pull permitThe town will assess you for more every year.

Then try to assess if the gap is reasonable.

Be on the lookout for any previous or upcoming special assessments. 

I’m probably being too black-or-white in this assessment.

Identification of mold and risk assessment is beyond the scope of this visual inspection.